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Apollo Global Management Inc. $APO Position Cut by Capital World Investors
Capital World Investors reduced its stake in Apollo Global Management Inc. by 3.6% in the third quarter, impacting its ownership of the financial services provider’s stock. Despite this, institutional investors collectively own 77.06% of Apollo’s stock. The company recently announced a quarterly dividend of $0.51 per share and has a “Moderate Buy” consensus rating from analysts with an average price target of $159.47, though recent legal challenges related to Jeffrey Epstein could affect its valuation.